Housing: FOMO is fueling a homebuying surge that could become ‘a curse’

Associated Press
EU military officer says a frigate has destroyed a drone launched from Yemen's Houthi-held areas
A top European Union military officer said that a frigate that’s part of an EU miliary mission in the Red Sea to protect merchant shipping destroyed a drone launched from an area in Yemen controlled by Houthi rebels on Thursday morning. Austrian Gen. Robert Brieger, who is chair of the EU’s military committee, said that it would be crucial for the bloc to “conserve resources” over the long haul because the threat posed by Houthi attacks “will not disappear” due to its connection to the Israel-Hamas war. “The task given to the military is simply to protect merchant ships and to show the public that the European Union is not willing to accept a terrorist organization will interrupt the freedom of movement at sea,” Brieger said.
7m ago
AFP
Heatstroke kills 30 in Thailand this year as Southeast Asia bakes
Millions of people across South and Southeast Asia sweltered through unusually hot weather on Thursday, as the Thai government said heatstroke has already killed at least 30 people this year.Millions of people across South and Southeast Asia sweltered through unusually hot weather on Thursday, as the Thai government said heatstroke has already killed at least 30 people this year.
24m ago
Associated Press
Family of American man believed to be held by Taliban asks the UN torture investigator for help
Lawyers for an American believed to be held by the Taliban for nearly two years are asking a United Nations human rights investigator to intervene, citing what they say is cruel and inhumane treatment. Ryan Corbett was abducted Aug. 10, 2022, after returning to Afghanistan, where he and his family had been living at the time of the collapse of the U.S.-based government there a year earlier. In a petition sent Thursday, lawyers for Corbett say that he's been threatened with physical violence and torture and has been malnourished and deprived of medical care.
25m ago
AFP
Portugal marks 50 years of democracy with far right on rise
Portugal on Thursday marked 50 years since a military coup ended a decades-long dictatorship and 13 years of colonial wars in Africa, an anniversary that comes as a far-right party gains prominence.It is the first hard-right party to gain ground in Portugal since the end of the dictatorship.
27m ago
Yahoo Finance
TikTok vows to take US ban bill to the courts. It faces an uphill climb.
TikTok has vowed to challenge in court a new law that could result in a ban of the video app in the US, but it could find that it is on less-than-solid legal ground.
31m ago
Reuters
UK police make additional arrest over migrants' deaths in Channel
British police said on Thursday they had arrested an additional individual over the deaths of five migrants, including a child, who died attempting to cross the Channel from France on a small boat earlier this week. The 18-year-old from Sudan was arrested on Wednesday evening in Kent, southeast England, on suspicion of facilitating illegal immigration and entering the UK illegally, the National Crime Agency (NCA) said. Three other men have also been arrested in connection with the fatal crossing, but one of these, a 19-year-old from Sudan, has since been released without charge and will be dealt with by immigration officials, the NCA said.
38m ago
Associated Press
Turkish rail officials jailed for more than 108 years for crash that left 25 dead
A court in Turkey sentenced nine rail officials to more than 108 years' imprisonment over a crash six years ago that killed 25 people, local media reported on Thursday. A passenger train operated by Turkish State Railways derailed in July 2018 as it passed through Corlu district some 110 kilometers (68 miles) west of Istanbul. The train was traveling from Unlukopru, near the Greek border, to Istanbul’s Halkali station, Turkey’s main rail route to Europe.
38m ago
Reuters
Confounding US economic, inflation data muddy Fed's rate path
The Federal Reserve's latest financial stability report was good news for anyone worried that a record run of interest rate hikes might overstress the banking system or trigger a recession with companies and households pushed into default through a broad credit crackdown. Instead, the Fed is wrestling with an economy that has sloughed off tight monetary policy to such a degree that U.S. central bank officials are without a clear view of what to expect and divided over issues like productivity, the economy's underlying potential, and even whether the current policy interest rate is as restrictive as imagined when they called off further hikes. A recently updated Fed index of overall financial conditions showed there was virtually no impact on economic growth right now from the central bank's monetary policy or the broader credit conditions it is intended to influence.
45m ago
Reuters
UPS, FedEx transition to electric vans slowed by battery shortages, low supply
UPS and FedEx are facing uncertainty in U.S. supplies of big, boxy electric step vans they need to replace their gas guzzlers and make a dent in the country's climate-warming tailpipe emissions. The path to electrification by the package delivery giants is critical to U.S. President Joe Biden's transportation climate goals. Achieving that aim, however, is hampered by battery shortages that are limiting EV supplies and keeping prices high, and by startup electric van makers that are running out of money and shutting down.
48m ago
AFP
In south China, silkworm farmers reel from deadly floods
Hose in hand, 40-year-old Zhu Huangyi cleans a small concrete room once home to his silkworms, two thirds of which were lost in deadly floods hitting southern China this week. - 'I lost all my cocoons' - Adding to the pain is the loss in the floods of the village's mulberry trees, the silkworms' only source of food.
50m ago
Reuters
How Trump's immunity claim stalled the 2020 election subversion case
The U.S. Supreme Court hears arguments on Thursday on Donald Trump’s claim that he enjoys sweeping immunity from criminal prosecution for actions he took as president, a claim that has delayed by months a case accusing him of trying to overturn his 2020 defeat. The federal case brought by Special Counsel Jack Smith charging Trump with trying to overturn his election defeat -- one of four criminal cases the Republican presidential candidate faces -- has been paused since December while the immunity argument plays out. Criminal defendants are not usually able to appeal court rulings until after a trial if they are convicted, but Trump was able to file an immediate appeal because the immunity argument bears on whether he must even face a trial.
52m ago
Yahoo Finance
Retirement confidence in the US ticks up; new rule for financial advisors is set to start
Two-thirds of Americans reported that they feel confident they have enough money for a comfortable retirement, up a notch from last year.
55m ago
Yahoo Finance
Stocks are sending mixed signals, but investors shouldn't 'lose faith now': Morning Brief
Investors face mixed signals from Wall Street — as well as a historical calendar that suggests some chop might be around the corner.
55m ago
Yahoo Finance
Meta stock slides over 12% after second quarter outlook disappoints
Meta reported its Q1 earnings after the bell, beating analysts' expectations on the top and bottom, but a disappointing Q2 forecast sent shares falling.
1h ago
Associated Press
What do weight loss drugs mean for a diet industry built on eating less and exercising more?
Ever since college, Brad Jobling struggled with his weight, fluctuating between a low of 155 pounds when he was in his 30s to as high as 220. A little over a year ago, the 58-year-old Manhattan resident went on a new weight loss drug called Wegovy.
1h ago
AFP
French police break up pro-Palestinian university protest
French police broke up a pro-Palestinian protest by dozens of university students in Paris, officials said Thursday, as Israel's bombardment of Gaza sparks a wave of anger across college campuses in the United States.The protesters were demanding that Sciences Po "cut its ties with universities and companies that are complicit in the genocide in Gaza" and "end the repression of pro-Palestinian voices on campus", according to witnesses.
1h ago
CNN
Venice begins charging entry fee for day-trippers
Italy’s canal city has begun charging a 5 euro entry fee for people visiting for the day, the world’s first such measure to tackle chronic overtourism at peak times.
1h ago
USA TODAY
It's Take Our Daughters and Sons To Work Day: How to help kids get the most out of it
Thursday is Take Our Daughters and Sons To Work Day 2024. See why kids have been shadowing their parents for over 30 years and how the tradition started.
1h ago
CNN
‘The final result was good’: 130 whales rescued from mass beach stranding in Western Australia
A dramatic operation to save the lives of more than 100 pilot whales ended in partial success on Thursday after wildlife officials managed to return most of the stranded animals to sea.
1h ago
AFP
Blinken calls for US, China to manage differences ahead of talks
US Secretary of State Antony Blinken called Thursday on the United States and China to manage their differences "responsibly" as he landed in Beijing for tough talks with the rival power's leaders.China has accused the United States of unfair economic coercion.
2h ago

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